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Oliver E. Williamson

AKA Oliver Eaton Williamson

Born: 27-Sep-1932
Birthplace: Superior, WI
Died: 21-May-2020
Location of death: Berkeley, CA
Cause of death: Pneumonia

Gender: Male
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Economist

Nationality: United States
Executive summary: Transaction cost economics

American economist Oliver E. Williamson studied under Ronald H. Coase and Herbert A. Simon, and teaches at the University of California at Berkeley. He has written extensively on transaction cost economics and the difference between spot-market sales and more established long-term buyer-seller transactions, and he coined and explained the term "Information Impactedness". He was presented with the Nobel Prize in Economics in 2009, shared with political scientist Elinor Ostrom.

Wife: Dolores Celeni (m. 1957)
Son: Scott (b. 1958)
Daughter: Tamara (b. 1959)
Daughter: Karen (b. 1961)
Son: Oliver, Jr. (twin b. 1967)
Son: Dean (twin b. 1967)

    High School: Central High School, Superior, WI (1950)
    University: BS, Massachusetts Institute of Technology (1955)
    University: MBA, Stanford University (1960)
    University: PhD, Carnegie Mellon University (1963)
    Teacher: Economics, University of California at Berkeley (1963-65)
    Teacher: Economics, University of Pennsylvania (1965-68)
    Professor: Economics, University of Pennsylvania (1968-83)
    Professor: Social Science, University of Pennsylvania (1977-83)
    Professor: Economics of Law and Organization, Yale University (1983-88)
    Professor: Economics & Law, University of California at Berkeley (1988-)
    Administrator: Center for the Study of Organizational Innovation, University of Pennsylvania (1976-83)

    American Academy of Arts and Sciences 1983
    American Academy of Political and Social Science 1997
    American Economic Association 1960
    American Economic Association Vice President (2001)
    American Law and Economics Association 1990
    Econometric Society 1977
    International Society for New Institutional Economics President (1999-2001)
    National Academy of Sciences 1994
    National Science Foundation Consultant (1976-77)
    RAND Corporation Consultant (1964-66)
    Western Economic Association 1995
    Western Economic Association President (1999-2000)
    US Justice Department Consultant (1967-69)
    US Federal Trade Commission Consultant (1978-80)
    Journal of Law, Economics, and Organization Co-Editor (1983-2003)
    Journal of Economic Behavior and Organization Associate Editor (1979-2002)
    Journal of Accounting, Auditing, and Finance Board of Editors (1986-present)
    Alexander Henderson Award 1962
    Guggenheim Fellowship 1977-78
    Irwin Award for Scholarly Contributions to Management 1988
    John von Neumann Prize 1999
    Horst Claus Rechtenwald Prize in Economics 2004
    Nobel Prize for Economics 2009:(with Elinor Ostrom)

Official Website:

Author of books:
The Economics of Discretionary Behavior : Managerial Objectives in a Theory of the Firm (1964)
Prices : Issues in Theory, Practice, and Public Policy (1968, with Almarin Phillips)
Corporate Control and Business Behavior (1970)
Markets and Hierarchies : Analysis and Antitrust Implications (1975)
Antitrust Law and Economics (1980)
The Economic Institutions of Capitalism : Firms, Markets, Relational Contracting (1985)
Antitrust Economics (1987)
Economic Organization (1989)
The Firm as a Nexus of Treaties (1989, with Masahiko Aoiki and Bo Gustafsson)
Organization Theory : From Chester Barnard to the Present and Beyond (1990)
Industrial Organization (1990)
The Nature of the Firm (1991, with Sidney Winter)
The Mechanisms of Governance (1996)

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